Price for Electric Motors; AC Motors, Single-Phase in Hong Kong SAR - 2023
Contents:
- Price for Electric Motors; AC Motors, Single-Phase in Hong Kong SAR (CIF) - 2022
- Price for Electric Motors; AC Motors, Single-Phase in Hong Kong SAR (FOB) - 2022
- Imports of Electric Motors; AC Motors, Single-Phase in Hong Kong SAR
- Exports of Electric Motors; AC Motors, Single-Phase in Hong Kong SAR
Price for Electric Motors; AC Motors, Single-Phase in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for electric motors; AC motors, single-phases amounted to $16 per unit, growing by 92% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($66 per unit), while the price for China ($9.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electric Motors; AC Motors, Single-Phase in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for electric motors; AC motors, single-phases amounted to $30 per unit, rising by 71% against the previous year. Overall, the export price saw prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($166 per unit), while the average price for exports to Germany ($7.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Motors; AC Motors, Single-Phase in Hong Kong SAR
In 2022, electric motors; ac motors, single-phase imports into Hong Kong SAR fell significantly to 1.3M units, reducing by -73.1% on the year before. Over the period under review, imports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 101%. As a result, imports reached the peak of 5M units, and then dropped dramatically in the following year.
In value terms, electric motors; AC motors, single-phase imports fell markedly to $21M in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of $40M, and then dropped remarkably in the following year.
| Import of Electric Motors; AC Motors, Single-Phase in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 0.1 | 0.7 | 0.1 | 8.0 | 330.9% |
| China | 15.9 | 12.4 | 31.2 | 6.8 | -24.7% |
| United States | 1.3 | 0.9 | 1.0 | 1.4 | 2.5% |
| Singapore | 0.2 | 0.5 | 0.7 | 0.6 | 44.2% |
| Switzerland | 2.2 | 3.6 | N/A | N/A | 63.6% |
| Others | 12.2 | 8.5 | 7.5 | 4.2 | -29.9% |
| Total | 31.8 | 26.6 | 40.5 | 20.9 | -13.1% |
Top Suppliers of Electric Motors; AC Motors, Single-Phase to Hong Kong SAR in 2022:
- China (701.0K units)
- Philippines (524.0K units)
- Singapore (41.7K units)
- United States (21.0K units)
- Switzerland (1.8K units)
Exports of Electric Motors; AC Motors, Single-Phase in Hong Kong SAR
In 2022, exports of electric motors; AC motors, single-phases from Hong Kong SAR shrank significantly to 439K units, reducing by -55.2% on the year before. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 7.3%. Over the period under review, the exports attained the maximum at 1.2M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric motors; AC motors, single-phase exports fell significantly to $13M in 2022. In general, exports showed a dramatic shrinkage. The smallest decline of -1.3% was in 2021. Over the period under review, the exports attained the peak figure at $28M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Motors; AC Motors, Single-Phase in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1.0 | 0.3 | 0.2 | 2.4 | 33.9% |
| China | 12.3 | 7.0 | 6.4 | 2.2 | -43.7% |
| Vietnam | 2.3 | 1.7 | 1.7 | 1.8 | -7.8% |
| Bangladesh | 1.2 | 0.7 | 2.4 | 1.3 | 2.7% |
| Taiwan (Chinese) | 1.2 | 0.7 | 0.8 | 1.3 | 2.7% |
| India | 1.5 | 0.6 | 1.3 | 1.2 | -7.2% |
| Japan | 1.0 | 1.7 | 1.9 | 0.9 | -3.5% |
| Germany | 0.1 | 0.2 | 0.4 | 0.4 | 58.7% |
| United States | 1.4 | 1.6 | 0.1 | 0.2 | -47.7% |
| Italy | 0.1 | 0.3 | N/A | 0.2 | 26.0% |
| Brazil | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| United Kingdom | 0.4 | N/A | 0.1 | 0.1 | -37.0% |
| Others | 5.5 | 2.7 | 1.9 | 1.1 | -41.5% |
| Total | 28.1 | 17.6 | 17.3 | 13.3 | -22.1% |
Top Export Markets for Electric Motors; AC Motors, Single-Phase from Hong Kong SAR in 2022:
- China (209.4K units)
- Germany (54.6K units)
- Mexico (50.9K units)
- Vietnam (21.6K units)
- Taiwan (Chinese) (16.7K units)
- Japan (15.0K units)
- Italy (14.4K units)
- Bangladesh (8.1K units)
- India (7.5K units)
- Brazil (7.2K units)
- United States (6.8K units)
- United Kingdom (6.3K units)
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This report provides an in-depth analysis of the ac/dc motor market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global dc motor market.
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This report provides an in-depth analysis of the ac/dc motor market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the dc motor market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global ac/dc motor market.
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This report provides an in-depth analysis of the global dc motor market.
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From September 2023 to October 2023, DC Motor imports saw a slight increase, reaching $43M in value terms.
1272
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
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Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
128
From September 2023 to October 2023, DC Motor imports saw a slight increase, reaching $43M in value terms.
1272
China seized control of the AC/DC motor market. In 2014, China exported X kt of AC/DC motors totaling $X, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total AC/DC motor exports in value term
82
Explore the top import markets for DC motors in 2023 and discover key statistics and insights.
808
In 2016, approx. X tons of motor were imported worldwide- flattening at the previous year level. In general, motor imports continue to indicate a drastic deduction. The pace of growth was the mos...
1201
China continued its dominance in the global motor trade. In 2014, China exported X million units of motors totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total motor ex
